BOND COMPLEXITY : MODERATEISIN: USY77108AD33
XIAOMI 2.875% 14Jul2031 Corp (USD)
XIAOMI BEST TIME INTERNATIONAL LIMITED
Indicative Bid Price
91.345
Bid Yield to Maturity
4.839%
Bid Yield to Call
4.934%
Min. Investment (Nominal)
200000
Indicative Ask Price
91.582
Ask Yield to Maturity
4.782%
Ask Yield to Call
4.874%
Next Call Date
13 Apr 2031
Credit Rating (Bond)
Investment Grade
Seniority
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity8. Jun10. Jun12. Jun14. Jun16. Jun18. Jun20. Jun22. Jun24. Jun26. Jun28. Jun30. Jun2. Jul4. Jul4.64.74.84.955.1FSM Global
Bond Information
Xiaomi Best Time International Limited is a special purpose vehicle.
Bond Issuer
Xiaomi Best Time International Limited
Guarantor
Xiaomi Corporation
Announcement Date
06 Jul 2021
Issue Date
13 Jul 2021
Maturity Date / Next Call Date
13 Jul 2031 / 13 Apr 2031
Years to Maturity / Next Call
5.021 / 4.772
Issue/Reoffer Price
99.141
Issue/Reoffer Yield
2.975
Coupon Type
Fixed
Annual Coupon Rate (%)
2.875
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
HKEX
Reference Rate
-
ISIN
USY77108AD33
CUSIP
BQ4045879
Bond Currency
USD
Total Issue Size
USD 800,000,000
Minimum Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Information Technology
Bond Sub Sector
Electronic Equipment, Instruments and Components
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/BBB+
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
The Issuer may, at the Issuer’s or the Guarantor’s option, at any time upon giving not less than 30 nor more than 60 days’ written notice to holders of the Bonds (which notice shall be irrevocable), redeem the Bonds prior to Apil 14, 2031, in whole or in part, at a redemption amount equal to the greater of:

• 100% of the principal amount of the Bonds to be redeemed; and

• the make-whole amount, which means the amount determined on the fifth Business Day before the redemption date equal to the sum of (i) the present value of the principal amount of the Bonds to be redeemed, assuming a scheduled repayment thereof on the stated maturity date, plus (ii) the present value of the remaining scheduled payments of interest to and including the stated maturity date, in each case discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, the actual number of days elapsed) at the Treasury Yield plus 25 basis points,

plus, in each case, accrued and unpaid interest on the Bonds to be redeemed, if any, to, but not including, the redemption date; provided that the principal amount of a Bond remaining outstanding after redemption in part shall be US$200,000 or an integral multiple of US$1,000 in excess thereof. For the avoidance of doubt, neither the Trustee nor the Agents shall be responsible for calculating the make-whole amount.
The Issuer may, at any time upon giving not less than 30 nor more than 60 days’ written notice to holders of the Bonds, redeem the Bonds at any time on or after April 14, 2031, in whole or in part, at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed plus accrued and unpaid interest, if any, to (but not including) the date of redemption; provided that the principal amount of a Bond remaining outstanding after redemption in part shall be US$200,000 or integral multiples of US$1,000 in excess thereof.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (MATURITY)
05 Jul 202691.34591.5824.8744.782
02 Jul 202691.12791.3764.9254.830
01 Jul 202691.06291.3064.9414.846
30 Jun 202691.05891.3144.9364.841
29 Jun 202691.49291.7424.8284.738
28 Jun 202691.44891.6914.8404.749
25 Jun 202691.46691.7104.8344.744
24 Jun 202691.41691.6624.8454.754
23 Jun 202691.23091.4634.8914.798
22 Jun 202691.24191.4724.8884.795
Total of 65 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating
CHANGE DATE
S&P Bond S&P Issuer Fitch Bond Fitch Issuer
30 Dec 2025 *** *** BBB -> BBB+N.R
30 Apr 2025 *** *** BBBN.R
Total of 2 entries
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Related Documents
pdfIcon
Preliminary Offering Circular
Preliminary Offering Memorandum Dated July 6, 2021
pdfIcon
Pricing Supplement
Pricing Term Sheet, dated July 7, 2021
pdfIcon
Offering Circular
US$800,000,000 2.875% Senior Bonds Due 2031. Offering Memorandum dated July 7, 2021.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
XIAOMI 4.100% 14Jul2051 Corp (USD)

Xiaomi Best Time International Limited

13 Jan 2051
(Next Call Date)
77.413 5.826% p.a. ***/BBB+
XIAOMI 3.375% 29Apr2030 Corp (USD)

Xiaomi Best Time International Limited

28 Jan 2030
(Next Call Date)
95.433 4.697% p.a. ***/BBB+
Total of 2 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
Est. Payable Amount
USD 183,974.92
Years to Call
4 years 8+ months
Est. Total Income
USD 27,312.50
Yield to Call
4.570%
Indicative Cash Flow
Nominal Value
USD 200,000.00
  • 2031
    Apr
    Coupon
    USD 1,437.50
    Early Redemption
    USD 200,000.00
  • Jan
    Coupon
    USD 2,875.00
  • 2030
    Jul
    Coupon
    USD 2,875.00
  • Jan
    Coupon
    USD 2,875.00
  • 2029
    Jul
    Coupon
    USD 2,875.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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